About 3816 West Montrose Avenue
This 3-unit property is a great investment opportunity or perfect for a Live/Work owner! The roof has been replaced 2 years ago and both 2-bed and coach house have new electrical. The 1600 Sq. Ft. storefront is currently operating as a catering/restaurant business and is on a long-term, month-to-month rent, so that gives flexibility to the new owner. The second floor has a 2-bedroom, 1-bathroom plus enclosed porch and an outdoor patio and has been recently renovated, and it's currently rented out. The beautifully designed 2-bed unit features an in-unit laundry and a custom kitchen with stainless steel appliances and granite countertops, which are perfect for cooking and entertaining. The apartment boasts hardwood floors throughout, adding a touch of elegance to the space. It also has a private entry and central air and heat. The owner just finished the full gut rehab of the coach house in the back as well. The coach house has 4 bedrooms/2baths, and it's a 3-floor living space; it feels and lives like a single home. Gorgeous brand new kitchen with all the bells and whistles, and two brand new elegant bathrooms, in-unit laundry. The estimated market rent for the couch house is $3600, and that number is used to calculate the GRI income. With public transportation nearby, commuting is a breeze. Great upside potential
Features of 3816 West Montrose Avenue
| MLS® # | 12417867 |
|---|---|
| Price | $895,000 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Year Built | 1913 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 3816 West Montrose Avenue |
|---|---|
| Area | CHI - Albany Park |
| City | Chicago |
| County | Cook |
| State | IL |
| Zip Code | 60618 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Cooling | Central Air |
|---|---|
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior | Brick |
|---|
Additional Information
| Days on Market | 102 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Cedar Realty |
|---|---|
| Contact Info | 773-549-7200 |